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Does
the effect of Medicare Part D and ever decreasing profit margins
have you thinking, "I have to Sell my Pharmacy"? If so,
STOP
BEFORE YOU FOLLOW THRU ON THAT THOUGHT!
SHB
Consultants can help you Keep
Your Pharmacy Open so that you can continue to practice pharmacy
the way you always dreamed.
Contact us
today for a free initial conversation to see how our team of business
consultants can keep your dream of an Independent
Pharmacy Alive.
If indeed
this is the right time you want to sell your pharmacy and maximize
your gain, you have come to the right place!
Our team of
Pharmacy
Business Management Consultants (team)
headed by Michael Busch provides a unique service to pharmacy owners
desiring to sell their pharmacy. As a pharmacist, Michael and his
asscociates have successfully initiated and completed the sale of
independently owned and small chain pharmacies representing over
$200 million in sales. In doing so, he and his partners developed
a procedural system that has resulted in a 95% success rate; that
is right
. A Pharmacy for sale...gets sold!
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Bob Gude, RPh
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Here is what
Bob Gude, RPh and a member of the "Sell-Your-Pharmacy"
and "Keep Your Pharmacy Open" Advisory Board has to say
.
"People
have asked, do you think it is smart to get out of pharmacy now;
is that why you have associated with Sell-Your-Pharmacy.com and
Keep-Your-PharmacyOpen.com?"
My reply is: "I'm afraid a good number of pharmacy owners are
going to over-react to discouraging trends in the marketplace (you
know what they are) by selling their pharmacy prematurely and not
get full value from their hard-earned investment. Yes, pharmacy
owners will need to make some changes in the way they operate, but
in most cases the appropriate changes can be made, the businesses
can continue to serve their communities, while providing an acceptable
return on investment to their owners. I know that Michael Busch
has the expertise to help pharmacy owners overcome the obstacles
and remain in business should they wish to do so. On the other hand,
if it is really time to sell Michael's advice will help owners to
maximize the price they will receive for their business."
Read (about
SHB Consultants)!
The Sell-Your-Pharmacy
team will complete the following:
- First,
we will provide a comprehensive and objective valuation of your
pharmacy. This will include a full examination of the pharmacy's
current financial position and, if necessary, discuss any changes
that can be made to make your pharmacy more saleable and to maximize
your gain (see "Ninth" below, for more clarification).
There are two phases to this: the initial phase conducted at our
office utilizing information provided by you and the comprehensive
valuation requiring a visit to your pharmacy.
- Second,
we will research the marketplace to identify the most likely buyers
and determine which is likely to pay the highest price.
- Third,
we will prepare an informational package on the pharmacy (note:
it will never be provided without first obtaining a confidentiality
and non-disclosure agreement). The purpose of the informational
package is to make sure that we present your pharmacy in the best
possible light. It will stress benefits to the prospective buyers.
- Fourth,
we will quietly make contact with legitimate decision makers of
all of the prospective buyers. Before one shred of information
is shared and in most cases before even identifying you and the
pharmacy, we obtain an executed Confidentiality and Non-Disclosure
Agreement.
- Fifth,
once we have an interested party we obtain a Letter of Intent
to Purchase (LOI). This is a non-binding agreement and is subject
to any due diligence the prospective buyer wishes to complete.
- Sixth,
we conduct all negotiations with the buyer. The advantage of this
is that we will never be trapped into making a yes or no decision.
We believe that a seller should never do their own negotiating.
There is much more leverage when a 3rd party does the negotiating
- Seventh,
while it is essential for you to involve your attorney and tax
advisor in the process, we actively work with these professionals
so as to make sure that we are all on the same page and also,
to control your costs.
- Eighth,
we review all documents relative to the transaction, assist in
establishing a favorable closing date and make sure that you are
in compliance with all covenants and restrictions relative to
the sale.
- Ninth,
in the event there needs to be any negotiations with any of your
creditors, secured or unsecured, taxing authorities, landlord,
etc., we will create a strategy and where appropriate negotiate
in your behalf. Note: the need for this will be identified early
on in the process and will be addressed in accordance with the
timing of the transaction.
- Tenth,
we are either present at your closing or available by telephone
to make sure that everything runs smoothly and there are no outstanding
issues that could interfere with completing the transaction.
In other words
the "Sell-Your-Pharmacy" process is to be with you from
start to finish, managing each activity all the way through the
successful sale of your pharmacy.
How do
we get paid?
There is no charge for the initial assessment
.you receive
a signed Confidentiality Agreement from SHB Consultants and simply
fill out our Assessment form.
We charge a
fee for the comprehensive valuation. Again the amount of the fee
is based upon the size and complexity of your business. This fee
is credited against the success fee.
We charge a
success fee. Any fees previously paid are applied to the success
fee.
Get
Started Today! For a no obligation consultation call SHB Consultants
at (800) 603-2519.
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